Why banking fears just came roaring back
By Allison Morrow, CNN Credit Suisse, the giant, 167-year-old European bank, was teetering on the brink of failure Wednesday, stoking anxieties about…
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Bank failures conjure up the dreaded ‘b-word’: Bailout
By Nathaniel Meyersohn, CNN “Bailout” became a curse word in American politics following the 2008 global financial crisis, fueling…
Continue ReadingDow falls 500 points as banking fears spread
By Krystal Hur, CNN The Dow opened the day with a decline of more than 500 points Wednesday as banking fears spread across global markets, though the…
Continue ReadingAmericans pulled back on their spending in February, after a strong January
By Alicia Wallace, CNN Americans pulled back on their spending last month after a surprisingly spendy January. US retail sales fell 0.4% in February…
Continue ReadingKey inflation measure shows wholesale prices fell last month
By Alicia Wallace, CNN A key measure of inflation fell dramatically in February, according to the latest Producer Price Index, which tracks what…
Continue ReadingCredit Suisse borrows more than $50 billion from Swiss National Bank after shares crash 30%
By Mark Thompson and Anna Cooban, CNN Hours after the Swiss central bank said it was ready to provide financial support to Credit Suisse, the…
Continue ReadingThe forgotten rescue plan that could prevent another SVB-like collapse
By Nicole Goodkind, CNN After Silicon Valley Bank and Signature Bank failed, the US government stepped in with an extraordinary measure to rescue…
Continue ReadingUK extends household energy subsidies for another three months
By Anna Cooban and Olesya Dmitracova, CNN The UK government will cap energy costs for millions of households for another three months following…
Continue ReadingUK tries to juice its economy once again as banking storm clouds gather
By Hanna Ziady, CNN UK financial markets were spooked again Wednesday — although, unlike last fall, the turmoil was unrelated to a new government…
Continue ReadingCan the Fed help fend off a banking crisis while also cooling the economy?
By Alicia Wallace, CNN Last week, the Federal Reserve’s biggest concern was a stubbornly high inflation rate and how much to crank up monetary…
Continue ReadingHi-res art scans from famous Taiwan museum leak online… and turn up for sale on Chinese online shopping platform
By Chris Lau, CNN A Taiwanese museum that houses some of the world’s most precious Chinese artworks has confirmed that up to 100,000…
Continue ReadingChina’s economic recovery is on track. But youth unemployment is getting worse
By Laura He, CNN China’s economic recovery appears to be on track as it gradually emerges from three years of its strict zero-Covid policy. But…
Continue Reading‘The next AOL?’: Meta’s massive layoffs raise questions about Zuckerberg’s strategy as company morale sinks
By Oliver Darcy, CNN “A challenging period.” That’s how Mark Zuckerberg described in a memo what the near future will be like for…
Continue Reading‘Harry Potter’ tour heads to Tokyo as Warner Bros courts more Asia fans
By Michelle Toh, Marc Stewart and Emiko Jozuka, CNN Hogwarts is coming to Tokyo, as Warner Bros. pushes to expand one of the most successful…
Continue ReadingDo you have questions about the Silicon Valley Bank collapse?
CNN examines how the second-largest bank failure in US history could impact other financial institutions and their customers across the US. Watch…
Continue ReadingDOJ and SEC are investigating Silicon Valley Bank’s failure
By Phil Mattingly, CNN The US Justice Department and Securities and Exchange Commission are opening investigations into the collapse of Silicon…
Continue ReadingTyson is laying off nearly 1,700 poultry plant workers
By Danielle Wiener-Bronner, CNN Tyson is laying off nearly 1,700 workers as it closes two poultry plants in an effort to boost profits. The company…
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‘Reading Pays’ to award $100 to students who completed Pueblo’s reading challenge
PUEBLO, Colo. (KRDO– Students at Chavez-Huerta K-12 Preparatory Academy and Swallows Charter Academy will be rewarded for reading their way to…
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Unused gym memberships are costing Americans more than they’re worth
COLORADO SPRINGS, Colo. (KRDO) — Americans could be wasting up to $319 per year on unused gym memberships they haven’t yet canceled, according to…
Continue ReadingPanic subsides on Wall Street as regional banks rebound
By Allison Morrow, CNN After a few days of panic over the health of America’s banking system, Wall Street appeared to take a deep breath…
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